Fidelity Advert

Despite Buhari’s Directive, Nigerians Suffer From Naira Scarcity, Many Businesses Shut Down – Afenifere Laments

Despite Buhari’s Directive, Nigerians Suffer From Naira Scarcity, Many Businesses Shut Down – Afenifere Laments %Post Title

Pan-Yoruba socio-political organisation, Afenifere, has called on President Muhammadu Buhari to order the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to supply commercial banks across the country with the old and new Naira notes to end the lingering Naira scarcity in the country.

Afenifere expressed concerns over the scarcity of naira notes despite the comments made by the president last week that he was not against the implementation of the Supreme Court order.

Recall that Buhari through his Senior Special Assistant on Media and Publicity, Garba Shehu, had said that he did not stop either the CBN governor or the Attorney General of the Federation and Minister of Justice, Abubakar Malami, from obeying the order of the Supreme Court which extended the validity of the old Naira notes till December 31, 2023.

The Afenifere’s National Publicity Secretary, Jare Ajayi, noted that reports from various parts of the country indicated that people were still finding it very difficult to obtain cash from banks and points of sale (POS) operators.

“This is making life very difficult for our people just as the situation is forcing many businesses to go under, especially small and medium scale businesses,” part of the statement read.

Afenifere further lamented that the Naira scarcity had lingered with banks still putting a limit on the amount a customer could withdraw, and therefore pointed out that the country and Nigerians “are in for serious economic and social upheavals” if the trend continued.

The organisation further asked President Buhari to prevail on the Nigerian National Petroleum Company Limited (NNPCL) to ensure maximum supply of petroleum products across the country.

League of boys banner

Leave A Reply

Your email address will not be published.